Finance
By: Shree1news, 27 FEB 2021
As many as 13 lakh MSME units in Uttar Pradesh have been given loans worth Rs 42,700 crore within the financial year 2020-21, the state government mentioned on Saturday. This is also for the first time within the history of the state that such a large amount of loan has been given to the MSME sector in a year. This has also generated 65 lakh direct and indirect employment opportunities within the private sector, an official release issued here mentioned on Saturday.
About 14 per cent of the nation’s micro small and medium enterprises (MSME) are operational in Uttar Pradesh, the release noted. Navneet Sehgal, additional chief secretary, MSME, recently reviewed the steering sub-committee of the State Level Banker’s Committee (SLBC) and gave instructions for early disposal of pending applications for acceptance and distribution on the bank-level under numerous government schemes including Prime Minister Employment Generation Programme (PMEGP), ODOP, Mukhyamantri Yuva Swarojgar Yojana (MYSY), the release stated.
Instructions have also been given to take necessary action for the disposal of cases related to banks on the MSME Sathi app. About 41.16 per cent of bank accounts have been covered under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) towards the total Jan Dhan accounts in UP.
“The state government’s one Gram Panchayat, one Bank Correspondent’ programme has started under which the process of appointment of 58,000 Bank Correspondent (BC) Sakhi is underway, Brajesh Kumar Singh, convener of SLBC mentioned. In the review meeting, Amil Agarwal, under-secretary within the Union Ministry of Finance, also advised the banks and the NABARD to take essential steps to reach out to potential projects and entrepreneurs for the use of agricultural infrastructure funds.
Source:A-N
